A sure indication is if there are no on market buyers for these shares after this announcment. It will be a sign the back door will be opened to sophs at a huge discount to gut the register of all of us pesky retail investors who have become completely fed up with management.
+3.5m for UK multi million spend commitment in TZ unless sold soon. ? million for Italy development. Now +2m for Aus.
Most cash seems to be spent salaries and consultants. Sophs the company sold shares to last time appeared to dump straight away for small profits.
I find it increasingly hard to have any confidence in the company. Only thing that can save me sentiment is if they get a quick sale of TZ for a very good price and avoid a cap raising. I have a doubt due to recent SP action.
KEY Price at posting:
6.3¢ Sentiment: None Disclosure: Held